Market Overview

First Trender Flashing a Warning Since December Fiscal Shock

We have our first warning from our longer term trenders that the internals are starting to show some tiredness.  The McClellan Summation Index made a red day.  That only knocks this trender into bullish-neutral on a one day reading, a second red day will put it into full neutral.

The Zweig index itself still sits above 50 which is quite strong:

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Our 40 DPI is giving us an early warning:

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New Highs / New Lows remain very strong still :

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And for our trenders, here is the red nosed green snake we were talking about on the McClellan Summation Index.

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The New High new Lows, however, remain faithful to Taurus.

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